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Definitive Analysis

Financial Statements

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Ticker

Industry

Sector

Page: Earnings Power Value

Vulcan Steel Limited

Ticker: VSL.AX | Industry: Steel | Sector: Basic Materials
$7.09 -0.12 (-1.66%)
As of: 2026-01-28

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Valuation Snapshot

Intrinsic Range$8.92 — $13.48
Selected Value (Mid)$11.20
Live Price$7.02
Upside / Downside59.53%

EPV Per Share Breakdown

MetricLowMidHigh
EPV Per Share$8.92$11.20$13.48

Normalized EBIT Margin

ScenarioMargin
Low6.67%
Mid7.84%
High9.02%

Normalized Tax Rate

MetricValue
Tax Rate31.41%

Adjusted Earnings (NOPAT)

ScenarioValue
Low91,726,937
Mid107,914,043
High124,101,150

Capital Structure

ComponentValue
Net Debt527,665,000
Shares Outstanding131,785,392
WACC5.39%

Reverse EPV (Market Implied)

If "Implied" > "Actual", market expects profitability to improve.

MetricActual (LTM)Market Implied
EBIT Margin7.84%5.67%
NOPAT (Earnings)107,914,04378,036,931
Enterprise Value2,003,547,6591,448,844,890

Valuation Details

MetricLowMidHigh
Enterprise Value1,703,015,5102,003,547,6592,304,079,808
(-) Net Debt527,665,000527,665,000527,665,000
(=) Equity Value1,175,350,5101,475,882,6591,776,414,808
(/) Shares Outstanding131,785,392131,785,392131,785,392
(=) Fair Value$8.92$11.20$13.48
Live Price$7.02$7.02$7.02
Upside %27.05%59.53%92.02%

High-Upside EPV Screener

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